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Prosperity Bancshares's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0 Mil. Prosperity Bancshares's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $3,900 Mil. Prosperity Bancshares's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $7,361 Mil. Prosperity Bancshares's debt to equity for the quarter that ended in Sep. 2024 was 0.53.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Prosperity Bancshares's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Prosperity Bancshares was 1.12. The lowest was 0.02. And the median was 0.24.
The historical data trend for Prosperity Bancshares's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Prosperity Bancshares Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.24 | - | - | 0.55 | 0.53 |
Prosperity Bancshares Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.78 | 0.53 | 0.55 | 0.54 | 0.53 |
For the Banks - Regional subindustry, Prosperity Bancshares's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Banks industry and Financial Services sector, Prosperity Bancshares's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Prosperity Bancshares's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Prosperity Bancshares's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (0 | + | 3725) | / | 7079.33 | |
= | 0.53 |
Prosperity Bancshares's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (0 | + | 3900) | / | 7361.249 | |
= | 0.53 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Prosperity Bancshares (NYSE:PB) Debt-to-Equity Explanation
In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.
Be Aware
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Thank you for viewing the detailed overview of Prosperity Bancshares's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Ned S Holmes | director | 55 WAUGH DRIVE, HOUSTON TX 77007 |
Timanus H E Jr | director, officer: Executive Vice President | |
Leah Henderson | director | 15415 PRADE RANCH LANE, CYPRESS TX 77429 |
Robert H Steelhammer | director | 2100 W LOOP S STE 1400, HOUSTON TX 77027 |
L. Jack Lord | director | 4295 SAN FELIPE, HOUSTON TX 77027 |
Asylbek Osmonov | officer: Interim CFO | 4295 SAN FELIPE, HOUSTON X1 77027 |
Laura Murillo | director | 4295 SAN FELIPE, HOUSTON TX 77027 |
Ileana M Blanco | director | 4295 SAN FELIPE, HOUSTON TX 77027 |
George A. Fisk | director | LEGACYTEXAS FINANCIAL GROUP, INC., 5851 LEGACY CIRCLE, PLANO TX 75024 |
Robert J. Dowdell | officer: Executive Vice President | 4295 SAN FELIPE, HOUSTON TX 77027 |
David Zalman | director, officer: President and Chief Executive | 316 E CALHOUN, EL CAMPO TX 77437 |
James A Bouligny | director | P O BOX 1567, EL CAMPO TX 77437 |
Charlotte M Rasche | officer: Executive Vice President | 80 SUGAR CREEK CENTER BOULEVARD, SUGAR LAND TX 77478 |
Edward Z Safady | officer: President | 80 SUGAR CREEK CENTER BLVD, SUGAR LAND TX 77478 |
Kevin J Hanigan | director, officer: President & COO | LEGACYTEXAS FINANCIAL GROUP, INC., 5851 LEGACY CIRCLE, PLANO TX 75024 |
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